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| Struggling cannabis retailer MedMen dumps REIT stake | ||
| 11/15/2019 5:15 PM | ||
| MedMen Enterprises’ national cannabis retail strategy is going up in smoke. And to trim costs, it’s selling its interest in Treehouse Real Estate Investment Trust. The Culver City-based MedMen was instrumental in forming Treehouse alongside Venice-based investment firm Stable Road Capital earlier this year. Treehouse had planned to make leasebac...Read More | ||
| Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site | ||
| 11/15/2019 4:45 PM | ||
| The son of Blockbuster video billionaire Wayne Huizenga successfully lobbied then-Gov. Rick Scott to include the site of his $100 million West Palm Beach development into an Opportunity Zone, according to a ProPublica investigation. The Opportunity Zone legislation, passed in December 2017 as part of President Trump’s tax code overhaul, was inte...Read More | ||
| Kushner Cos needs loan workout as Times Square tenants tank | ||
| 11/15/2019 4:35 PM | ||
| The Kushner Companies’ $285 million loan on its big Times Square retail property will have to be reworked after tenants at the property broke their leases. The securitized loan managed by Wells Fargo will be sent to a special servicer to oversee negotiations, according to Bloomberg. Rental income for the retail condo at 229 West 43rd Street has ...Read More | ||
| Mark your calendars: These are NYC’s top real estate events next week | ||
| 11/15/2019 4:00 PM | ||
| Here are a couple of real estate events coming up next week! Host: Commercial Observer Date: Nov. 20 Time: 8 a.m. to 12:30 p.m. The Commercial Observer is hosting its 4th Annual Fall Financing Commercial Real Estate Forum at The Metropolitan Club, 1 East 60th Street. It will feature networking opportunities along with discussions on emerging mar...Read More | ||
| Merchants scrambles to fill void after breakup with Playboy | ||
| 11/15/2019 3:48 PM | ||
| UPDATED Friday November 15, 2019, 5:28 p.m.: Merchants Hospitality is clapping back after Playboy Enterprises cut ties with the company and its former club at the Cachet Boutique NYC hotel. A week after losing its license to use the iconic bunny trademark, Merchants claimed that the Black Box theater will now be dedicated to events booked by ent...Read More | ||
| A $2.5B litmus test for the Century City luxury market | ||
| 11/15/2019 3:30 PM | ||
| Spurred by a mall – yes, a mall – luxury residential sales in Century City are up, and now the area’s most ambitious condo project in a decade is finally nearing completion. After a myriad of delays, Century City based-developer Woodridge Capital Partners is slated to finish both the 143-unit North Tower and the 125-unit South Tower by December ...Read More | ||
| SEC launches WeWork probe: report | ||
| 11/15/2019 3:03 PM | ||
| The U.S. Securities and Exchange Commission has launched an inquiry into WeWork to determine if the company violated reporting rules ahead of its doomed planned public offering. Citing two unnamed sources, Bloomberg reported that SEC investigators are scrutinizing disclosures made to investors while the company embarked on aggressive fundraising...Read More | ||
| Jim Whelan, Michael Stern and more to join Future City 2020 | ||
| 11/15/2019 2:00 PM | ||
| TRD is bringing some of the brightest minds in real estate to the Bahamas this winter. We’re excited to begin announcing some of the experts and innovators who will join us for our second annual Future City event. REBNY president Jim Whelan, JDS’ Michael Stern, Gil Dezer of Dezer Development, Young Woo, Anna Zarro and Rotem Rosen are just a few ...Read More | ||
| From Shaq to Leonardo DiCaprio, the latest celebrities to invest in real estate | ||
| 11/15/2019 1:15 PM | ||
| Celebrities from Jennifer Aniston to Sting to Oprah Winfrey regularly make headlines when they buy or sell lavish homes, but a handful of actors, athletes and public figures have taken their real estate investing to the next level. Retired all-star Yankee Alex Rodriguez — who was featured on The Real Deal’s cover last month — is a case in point....Read More | ||
| Convictions in fatal gas explosion; green roof mandate kicks in | ||
| 11/15/2019 12:40 PM | ||
| Every weekday The Real Deal rounds up New York’s biggest real estate news. We update this page throughout the day, starting at 9 a.m. Please send any tips or deals to tips@therealdeal.com This page was last updated at 5:20 p.m. Video produced by Sabrina He The three defendants charged in a fatal East Village gas explosion four years ag...Read More | ||
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